Cryptocurrency Q&A What is the Ronin token?

What is the Ronin token?

DongdaemunTrendsetter DongdaemunTrendsetter Sat Nov 16 2024 | 6 answers 1415
The Ronin token, denoted as RON, is a cryptocurrency token specifically designed for the Ronin blockchain network. It serves as the native token for the platform, which was created by Sky Mavis to support the Axie Infinity game. RON is utilized for various purposes within the Ronin ecosystem, including transaction fees, staking, and governance. What is the Ronin token?

6 answers

EnchantedSky EnchantedSky Mon Nov 18 2024
RON will eventually have a utility in paying gas fees.

Was this helpful?

389
85
CryptoTrader CryptoTrader Mon Nov 18 2024
Gas fees are essential for conducting transactions on the Ronin chain.

Was this helpful?

374
75
Valentina Valentina Mon Nov 18 2024
Ronin RON serves as the ecosystem token for the Ronin chain.

Was this helpful?

242
94
CryptoEagle CryptoEagle Mon Nov 18 2024
By using RON, users can ensure the smooth operation of the network.

Was this helpful?

136
62
Valeria Valeria Mon Nov 18 2024
BTCC, a top cryptocurrency exchange, offers a range of services related to RON.

Was this helpful?

206
38
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts